In yet another busy week of executive moves, notable appointments and departures were experienced in the forex and investment banking sectors. Dive into our exciting coverage of executive moves this week as we feature the top moves that dominated headlines across these industries.

Notably, Exinity onboarded Punit Ghumra as the Group Chief Financial Officer; GCEX hired IS Prime's Co-Founder Jonathan Brewer as Chief Revenue Officer; Nick Edgeley stepped down as Monex Europe's CEO; FXSpotStream appointed Caplin Systems' CEO John Ashworth as Independent Board Chair; Goldman Sachs' Former Executive Nikolay Karpenko joins B2C2 as Director; OANDA's Europe CFO Jakub Zagórski resigned after ten years.

Executive Moves of the Week

Andrey Dashin's Exinity Onboards New Group CFO

Exinity, the operator of Alpari and FXTM, appointed Punit Ghumra as the Group Chief Financial Officer. Ghumra joined Exinity from Dubai-based Hubpay, a cross-border payments firm targeting small and medium enterprises, where he was the Vice President of Finance between June 2019 and May 2024. He started his professional career in 2010 at the Royal Bank of Scotland before moving to Gordian Knot as a Financial Controller.

Exinity is a part of Andrey Dashin's FX and CFDs empire, which includes names like Alpari and FXTM. The company has expanded its services outside of the established markets and is one of the brokers that hold a license in Kenya. Interestingly, the firm's Cyprus unit of Exinity recently relinquished its operational license.

Read more about the appointment of Punit Ghumra as the Group Chief at Exinity.

GCEX Hires IS Prime's Co-Founder Jonathan Brewer

GCEX onboarded Jonathan Brewer to its leadership as Chief Revenue Officer. Brewer was the co-founder of IS Prime but has since separated from that company. In his new role at GCEX, Brewer will focus on driving growth from institutional and professional clients across all GCEX entities, including the UK, Denmark, and UAE.

GCEX was founded in 2018 by Lars Holst and is based in London. The company offers brokers, hedge funds, and professional traders access to deep liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in FX and digital assets, as well as various technology solutions. Over the years, GCEX has expanded its global presence, obtaining cryptocurrency licenses and registrations in Denmark and Dubai. The company also acquired a Danish license to offer rolling Spot FX and CFDs to institutional clients.

Discover more about GCEX's hire of Jonathan Brewer to its leadership as Chief Revenue Officer and the expansion of the company.

Exclusive: Nick Edgeley Steps Down as Monex Europe's CEO

Nick Edgeley resigned as CEO of Monex Europe Limited, the UK division of Monex Europe Holdings, and was replaced by Michael Quinn. Quinn will also head Monex Europe Markets Limited, the investment firm unit, as CEO.

Edgeley founded Schneider Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term in 2006, which was bought by Monex in 2012, resulting in a rebranding. He is exiting the company after 18 years to pursue other ventures outside the company. Under his leadership, the firm notably grew from a small team of four individuals to a global brand with operations spanning five international offices and a workforce of 300 employees.

Discern more about the departure of Nick Edgeley from his role as Monex Europe's Chief Executive Officer.

FXSpotStream Appoints Caplin Systems' CEO John Ashworth as Independent Board Chair

FXSpotStream named John Ashworth as the Independent Chair of its Board of Directors. Ashworth, currently the CEO of Caplin Systems, a trading software provider, has more than 30 years of experience in the technology industry. Previously, he held leadership roles at FX-related firms like FENICS, GFI, Apama, and FXAll.

Ashworth joined Caplin Systems as the Chief Operating Officer in 2014 before being promoted to the CEO. Prior to joining the firm, he was the Director and Co-Founder of Technology for Markets, where he dedicated more than 18 years. Early this year, FXSpotStream unveiled new changes in its leadership. Jeff Ward assumed the role of Chief Executive Officer on January 1, 2024, bringing his extensive experience to steer the company.

Uncover more about the appointment of John Ashworth as FXSpotStream's Independent Board Chair.

Goldman Sachs' Former Executive Nikolay Karpenko Joins B2C2 as Director

Nikolay Karpenko moved to the London-based digital asset firm B2C2 as the Director for EMEA Sales. In his new role, Karpenko will lead the company's expansion in the region. Previously, he held the position of Executive Director for Digital Assets and Executive Director for Emerging Markets Sales at Goldman Sachs, where he dedicated almost seven years. Karpenko is a seasoned executive who has worked for notable brands, including Societe Generale, Thomson Reuters, VTB Capital, Credit Suisse, and Deloitte.

At Societe Generale, he was the Vice President for Corporate Derivatives Sales, while at Thomson Reuters, he was the Sales Executive for Corporate and Solutions Sales. Early this year, B2C2 promoted Thomas Restout to Group CEO. This move followed the departure of Nicola White, who joined B2C2 in July 2021 and ascended to the role in November 2022. Restout joined B2C2 in September 2022 from Morgan Stanley, where he held the position of Global Head of Macro Electronic Trading.

Read more about Goldman Sachs' Former Executive Nikolay Karpenko's transition to B2C2.

OANDA's Europe CFO Steps Down after 10 Years

Jakub Zagórski announced his return to the automotive sector after dedicating about ten years to Oanda TMS Brokers. Prior to his role at Oanda TMS Brokers, Zagórski held significant positions in renowned organizations within the automotive and financial sectors.

Notably, he served as the Chief Financial Officer (CFO) at Dom Maklerski TMS Brokers SA, where he was a key member of the Board for nearly a decade. During his tenure, the company underwent a successful sale process to a strategic investor, marking a significant milestone for the private equity-backed firm.

Learn more about the resignation of OANDA Europe's CFO and his next career move.